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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2012

Fair Value Measurements [Abstract]

Assets measured at fair value on a recurring basis

		Fair Value Measurements
(in thousands)		Fair Value				Quoted Prices in Active Markets for Identical Assets (Level 1)				Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
September 30, 2012
Assets:
U.S. treasury		$	2,036			$	2,036			$	0			$	0
Government sponsored enterprises			66,327				0				66,327				0
Asset-backed securities			113,206				0				113,206				0
Obligations of states and political subdivisions			35,219				0				35,219				0
Mortgage servicing rights			2,624				0				0				2,624
Total		$	219,412			$	2,036			$	214,752			$	2,624
December 31, 2011
Assets:
U.S. treasury		$	2,054				2,054				0				0
Government sponsored enterprises			70,314				0				70,314				0
Asset-backed securities			107,329				0				107,329				0
Obligations of states and political subdivisions			34,109				0				34,109				0
Total		$	213,806			$	2,054			$	211,752			$	0

Changes in Level 3 assets and liabilities measured at fair value on a recurring basis

		Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Mortgage Servicing Rights
(in thousands)		Three Months Ended September 30, 2012				Nine Months Ended September 30, 2012
Balance at beginning of period		$	2,666			$	2,512
Total gains or losses (realized/unrealized):
Included in earnings			(42	)			112
Included in other comprehensive income			0				0
Balance at end of period		$	2,624			$	2,624
Total gains or losses for the three and nine months included in earnings attributable to the change in unrealized gains or losses relating to assets still held at September 30, 2012		$	96			$	372

Valuation methodologies used for assets and liabilities recorded at fair value on a nonrecurring basis

		Fair Value Measurements Using
(in thousands)		Total Fair Value				Quoted Prices in Active Markets for Identical Assets (Level 1)				Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Total Gains (Losses)*
September 30, 2012
Assets:
Impaired loans:
Commercial, financial, & agricultural		$	876			$	0			$	0			$	876			$	(791	)
Real estate construction - residential			130				0				0				130				0
Real estate construction - commercial			5,458				0				0				5,458				0
Real estate mortgage - residential			2,311				0				0				2,311				(564	)
Real estate mortgage - commercial			14,607				0				0				14,607				(1,547	)
Total		$	23,382			$	0			$	0			$	23,382			$	(2,902	)
Other real estate owned and repossessed assets		$	25,195			$	0			$	0			$	25,195			$	(3,186	)
December 31, 2011
Assets:
Impaired loans:
Commercial, financial, & agricultural		$	643			$	—			$	—			$	643			$	(2,136	)
Real estate construction - residential			396				—				—				396				(1,557	)
Real estate construction - commercial			6,029				—				—				6,029				(279	)
Real estate mortgage - residential			3,601				—				—				3,601				(1,509	)
Real estate mortgage - commercial			15,980				—				—				15,980				(5,842	)
Total		$	26,649			$	—			$	—			$	26,649			$	(11,323	)
Other real estate owned and repossessed assets		$	16,020			$	—			$	—			$	16,020			$	(2,112	)

* Total gains (losses) reported for other real estate owned and repossessed assets includes charge offs, valuation write downs, and net losses taken during the periods reported.

X

- Definition

Tabular disclosure related to assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a recurring and/or nonrecurring basis in periods after initial recognition. Disclosures include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3) as well as transfers between levels 1 and 2.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 6

-Footnote 4

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (a,b,bb)

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2C

-URI http://asc.fasb.org/extlink&oid=7578670&loc=SL7498348-110258



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-Name Accounting Standards Codification

-Topic 820

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-Publisher FASB

-Name Accounting Standards Codification

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 33

-Subparagraph a, b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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X

- Definition

Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, used to measure similar assets in prior periods (non-recurring basis) by class of asset or liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (bbb)

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258



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-Publisher FASB

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-Number 157

-Paragraph 33

-Subparagraph d

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Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 6

-Footnote 4

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19190-110258



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